FX retail positioning at this hour

12:45CET

This is how things stand at this point of the trading day. Needless to say that too many USD longs from the loser's side is no good for the monopoly greenback, which will make the task of those US officials looking to devalue the USD further rather easy... The USD/JPY and USD/CHF positioning is rather stunning, particularly the latter, given the 400+ pip rally we've seen in the last couple of weeks, this is something I definitely don't like to see....

Nov 1, 2010 12:40 GMT+0100
READING %LONG - %SHORT

   1. AUD/USD
      45.57% 54.43%
   2. EUR/CHF
      56.54% 43.46%
   3. EUR/GBP
      46.78% 53.22%
   4. EUR/JPY
      58.04% 41.96%
   5. EUR/USD
      39.06% 60.94%
   6. GBP/JPY
      66.62% 33.38%
   7. GBP/USD
      35.81% 64.19%
   8. USD/CAD
      60.35% 39.65%
   9. USD/CHF
      74.88% 25.12%
  10. USD/JPY
      83.79% 16.21%

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